With house prices soaring it’s hard to bag a bargain, but Network Auctions’ latest listing in Kings Cross Road, Halifax with a guide price of £110-115,000 may be a steal for those in the know.
Being sold by order of a major housing association, the spacious four-bedroom, four storey end terrace house with gardens, offers development potential.
Toby Limbrick, auctioneer, says, ‘This is a great sized property comprising six rooms offering flexible accommodation. It’s ideal for a large family, but for those who are looking for rental income, would also work well as a HMO (House of Multiple Occupation).’
‘The property would benefit from some cosmetic work. It’s currently tatty, but wouldn’t take a huge investment to have it lettable and looking hot! We estimate rental values of around £450 per room, giving a potential annual rent of £27,000 – £32,400 depending on if five or six rooms are let.’
188 Kings Cross Road, Halifax, West Yorkshire, HX1 3LN will be sold on 14th July by Network Auctions. For more information www.networkauctions.co.uk